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King Salman Offers SR100 Mln to Joodeskan Platform

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman Offers SR100 Mln to Joodeskan Platform

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz has provided SAR100 million to the Joodeskan platform, reported the Saudi Press Agency.

Joodeskan is under the supervision of the National Housing Development Association, which aims to support and help needy families in the housing sector.

Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, made a contribution of SR50 million to the platform.

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Qatar Wealth Fund to Merge Domestic Fiber Network with Cable Business

The Qatar Investment Authority (QIA)
The Qatar Investment Authority (QIA)
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Qatar Wealth Fund to Merge Domestic Fiber Network with Cable Business

The Qatar Investment Authority (QIA)
The Qatar Investment Authority (QIA)

Qatar's sovereign wealth fund said on Wednesday it plans to merge the telecommunications businesses of Qatar National Broadband Network (QNBN) and Gulf Bridge International (GBI), to build a national leader.
The Qatar Investment Authority (QIA) is seeking to combine QNBN’s domestic fiber network with GBI’s international submarine and terrestrial cables, which it said would create a digital and AI infrastructure leader.
QIA plans to position Qatar "as a leading digital hub both regionally and globally and connect Qatar to the world," chief executive Mansoor Ebrahim Al-Mahmoud said in the statement.

"Our long-term vision is to create a digital infrastructure champion, unlocking new opportunities,” the chairman of QNBN and GBI was quoted as saying.